Deadline is Sunday to Avoid Penalty for Not Having Insurance

Feb 13, 2015

Credit getcovered-ky.org

A family of four in Kentucky earning more than $24,250 a year has until midnight Sunday to sign up for health insurance to avoid a federal tax penalty.

The penalty only applies to people who earn more than 100 percent of the federal poverty level, including those who are eligible for the Medicaid expansion.

People who are eligible can sign up for Medicaid at any time. But everyone else has until midnight Sunday to purchase a qualified health plan through kynect, the state exchange, which could include a federal subsidy to lower your monthly premiums depending on your situation.

Friday, people lined up outside of the kynect store at the Fayette Mall. Democratic Gov. Steve Beshear said less than 12 percent of Kentuckians do not have insurance.